MKH Berhad 85 TREASURY SHARES Treasury shares relate to ordinary shares of the Company that are repurchased and held by the Company in accordance with the requirements of Section 127(4)(b) of the Companies Act, 2016 in Malaysia. The Company has not repurchased any treasury shares during the financial year. As at 30 September 2021, the Company held 9,132,300 treasury shares out of its 586,548,168 issued and paid-up ordinary shares. Such treasury shares are held at a carrying amount of RM11,112,278. Further details are disclosed in Note 27 to the financial statements. INDEMNITY AND INSURANCE FOR DIRECTORS, OFFICERS AND AUDITORS The Company maintains directors’ and officers’ liability insurance for purposes of Section 289 of the Companies Act, 2016, throughout the year, which provides appropriate insurance coverage for the directors and officers of the Company. The amount of insurance premium paid during the year amounted to RM40,290. There was no indemnity given to or insurance effected for auditors of the Company. SIGNIFICANT EVENTS DURING THE FINANCIAL YEAR AND SUBSEQUENT EVENTS Details of significant events during the financial year and subsequent events are disclosed in Note 40 to the financial statements. AUDITORS The auditors, Deloitte PLT, have expressed their willingness to continue in office. AUDITORS’ REMUNERATION The amount paid or payable by the Group and the Company as remuneration of the auditors for audit services for the financial year ended 30 September 2021 amounting to RM727,998 and RM56,000 respectively. Signed on behalf of the Board in accordance with a resolution of the directors dated 29 December 2021. TAN SRI DATO’ CHEN KOOI CHIEW @ TAN SRI DATUK CHEN LOK LOI CHENG NGI CHONG Directors’ Report
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